Incheon Ongjin-gun to Implement 'Farmer Salary System' Next Year... Up to 2.4 Million KRW per Month

Incheon Ongjin County Office

[Asia Economy Reporter Park Hyesook] Ongjin-gun, Incheon, will implement a monthly salary system for farmers to ensure stable income and improve financial conditions.

According to Ongjin-gun on the 15th, the farmers' monthly salary system involves the agricultural cooperative prepaying a portion of the crop purchase amount monthly to the farmers, who then settle the amount with the cooperative after selling their rice. This system allows farmers to receive future income expected at harvest time in advance, like a monthly salary.

The interest on the principal arising from the advance payment will be compensated by Ongjin-gun. The county expects that through this system, farmers can receive monthly salaries ranging from a minimum of 360,000 KRW to a maximum of 2,400,000 KRW for about eight months.

The county also plans to consider paying bonuses twice a year, taking into account periods requiring large sums of money such as the busy farming season or the Chuseok holiday.

Eligible applicants for the program are farms in Ongjin-gun that cultivate rice and have shipment agreements with the agricultural cooperative. Up to 60% of last year's shipment volume can be designated as monthly salary.

An official from Ongjin-gun stated, "Although administrative procedures such as the county council ordinance review remain, implementing the farmers' monthly salary system from next year will improve farmers' financial conditions," adding, "We will strive to establish stable basic income conditions for farming households."

This content was produced with the assistance of AI translation services.